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Governance and Economic Transformation in Taiwan: The Role of Politics
Author(s) -
Lauridsen Laurids S.
Publication year - 2014
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/dpr.12062
Subject(s) - politics , corporate governance , strengths and weaknesses , economic system , transformation (genetics) , political science , state (computer science) , relation (database) , political economy , positive economics , economics , epistemology , law , philosophy , biochemistry , chemistry , algorithm , database , computer science , gene , finance
This article analyses the strengths and weaknesses of the developmental‐state approach as compared with a broader and more flexible developmental‐governance approach – in relation to economic transformation in a single case country, Taiwan. It argues that both approaches have strong and weak points, and comes down in favour of the view that it is only through a ‘thick’ study of political forces, processes and circumstances that the reasoning behind developmental policies and institutions can be understood and the processes of economic transformation explained.